Malaysia Hotline: +603- 2141 8908
Shanghai
WFOE Registration, that is the Wholly Foreign Owned Enterprise (WFOE or
WOFE), a Limited liability company
wholly owned by the foreign investor(s). In China, WFOEs were originally
conceived for encouraged manufacturing activities that were either export
orientated or introduced advanced technology.
Shanghai
is China's largest economic center and trade port, the largest comprehensive
industrial city, the country's major science and technology center, trade
center, financial and information center, which attracts numerous investors’
attention.
Characteristics of a WFOE
Wholly
Foreign Owned Enterprise (WFOE), also known as Wholly Owned Foreign Enterprise
(WOFE), is a limited liability company, the establishment of which is governed
both by the Company Law of PRC and Law of the PRC on Enterprises Operating
Exclusively with Foreign Capital.
A
WFOE can engage itself in approved business activities and issue tax invoices
on its own. It is a corporation and a tax resident. All shareholders of WFOE should
not be Chinese nationals.
Advantages of WFOE
- Independence
and freedom to implement the worldwide strategies of its parent company without
having to consider the involvement of the Chinese partner;
- Ability
to formally carry out business rather than just function as a representative
office and being able to issue invoices to customers in RMB and receive
revenues in RMB;
- Capability
of converting RMB profits to US dollars for remittance to its parent company
outside of China;
- Protection
of intellectual know-how and technology;
- Full
control of human resources;
- Greater
efficiency in operations, management and future development;
- New
Investor's parent company does not have to be established for more than 2 years
while for Representative Office, its parent company is required to have been
established for more than 2 years.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my